Can You Get a Personal Loan with a Low Credit Score Below 750?

Can You Get a Personal Loan with a Low Credit Score Below 750?

You can get a personal loan with a CIBIL Score below 750 if you meet the applicable lender criteria. Bajaj Finance requires a minimum CIBIL Score of 650 along with other eligibility conditions.
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Last reviewed: September 2026


In Summary

A CIBIL Score below 750 does not automatically mean you cannot get a personal loan. Your credit score is one factor considered during loan assessment.


  • CIBIL Scores range from 300 to 900.
  • A score of 750 or above is generally considered strong.
  • Bajaj Finance Personal Loan requires a minimum CIBIL Score of 650.
  • Your income, employment profile, loan amount and repayment tenure can also affect eligibility.
  • A lower score can make borrowing more difficult and can affect the terms available to you.
  • You should check your CIBIL Report for overdue payments, outstanding balances and recent credit enquiries before applying.

A personal loan with a lower credit score can carry greater borrowing constraints. Review the complete loan terms and repayment obligation before applying. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

Can you get a personal loan with a CIBIL Score below 750?

Yes, you can apply for a personal loan with a CIBIL Score below 750, subject to the applicable eligibility criteria. Bajaj Finance states that a CIBIL Score of 650 or above is part of its personal loan eligibility requirements.


Therefore, a CIBIL Score between 650 and 749 does not automatically prevent you from applying. However, meeting the minimum CIBIL Score requirement does not guarantee approval.


Other factors can also be considered during the assessment. These may include your monthly income, employment profile, existing financial obligations, requested loan amount and selected repayment tenure.


A stronger credit history can also support your overall financial profile. Before applying, you can review your credit report, check your existing EMIs and choose a loan amount and tenure that fit your repayment capacity.


The final loan amount, interest rate and approval remain subject to applicable eligibility criteria, verification and terms.

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What does a CIBIL Score below 750 mean?

A CIBIL Score ranges from 300 to 900. CIBIL states that a higher score generally improves the chances of a loan application being approved, although the final lending decision is not made by CIBIL.


CIBIL ScoreWhat it indicates
300–649Lower credit score range
650–699Can meet the stated Bajaj Finance minimum
700–749Below 750 but above the stated minimum
750–900Higher credit score range

The score is only one part of your credit profile. Your repayment history, credit utilisation and recent enquiries also appear in your CIBIL Report and can be considered during credit assessment.

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What factors matter besides your CIBIL Score?

Your CIBIL Score is an important part of your credit profile, but it is not the only factor that can matter when assessing a personal loan application. Lenders may consider your overall financial position and repayment capacity.


Other factors can include:

  • Monthly income: Your regular income can help indicate your ability to repay the loan.
  • Employment profile: Your employment type, stability and other applicable employment details may be considered.
  • Existing EMIs: Current loan repayments can affect how much of your income is available for another loan.
  • Other financial obligations: Regular financial commitments may also affect your repayment capacity.
  • Requested loan amount: The amount you request can be assessed against your income and financial profile.
  • Selected repayment tenure: A longer or shorter tenure can change your monthly EMI and overall repayment obligation.
  • Credit history: Your repayment behaviour and other information in your credit report can provide additional context beyond the score.
  • Verification and documentation: The required information and documents may be reviewed as part of the application process.

Therefore, a CIBIL Score should not be viewed in isolation. A lender may assess the wider credit profile along with income, employment and other applicable financial factors before making a lending decision.

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How can you improve your chances of getting a personal loan below 750?

You can strengthen your application by reviewing your credit profile and keeping your borrowing requirement appropriate to your repayment capacity.


Consider these steps:

  1. Check your CIBIL Report: Review your payment history, active accounts and recent enquiries.
  2. Pay existing dues on time: CIBIL identifies payment history as an important factor affecting your score.
  3. Manage credit utilisation: Avoid maintaining unnecessarily high outstanding balances on credit cards.
  4. Limit multiple applications: Several credit enquiries within a short period can affect your credit profile.
  5. Choose an appropriate loan amount: Borrow based on your actual requirement and repayment capacity.
  6. Check your EMI: Ensure the proposed EMI fits alongside your existing financial commitments.

 

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Can you get a personal loan below a 650 CIBIL Score?

A CIBIL Score below 650 does not mean that personal loans are unavailable from every provider, but it can make borrowing more difficult. CIBIL notes that some financial institutions may still offer loans to people with lower scores, potentially with higher rates or stricter terms.


For a Bajaj Finance Personal Loan, however, 650  or above is the stated minimum CIBIL Score.


Do not assume that improving your score to exactly 650  will guarantee approval. Other eligibility and verification requirements continue to apply.


You can check your eligibility using only your mobile number and OTP, without visiting a branch.

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What should you check before applying with a low credit score?

Check your credit profile and repayment capacity before submitting an application.


  • Review your latest CIBIL Score and Report.
  • Check for overdue or missed payments.
  • Verify that your credit accounts are reported correctly.
  • Review your existing EMIs and outstanding balances.
  • Calculate the EMI for the required loan amount.
  • Compare the total repayment with the principal borrowed.
  • Check the applicable interest rate and fees.
  • Avoid submitting multiple applications without assessing your eligibility first.

You can obtain your CIBIL Score and Report from TransUnion CIBIL. The score ranges from 300 to 900, and the report includes your payment history, credit accounts and recent enquiries.


Additional Read:

What is Credit ScoreCredit Score for Personal LoanTypes of Credit Score
Loan Settlement Affects Credit ScoreIs 760 a Good Credit ScoreIs 900 Credit Score Possible
Is 675 a Good Credit ScoreHow to Check Credit ScoreImprove Credit Score in 30 Days
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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Frequently asked questions

Overview

Can a 600 CIBIL score get a loan?

A CIBIL Score of 600 may make it difficult to get a personal loan. Bajaj Finance states that a CIBIL Score of 650  650 is part of its personal loan eligibility criteria. Other factors, such as income, employment profile, existing EMIs and repayment capacity, may also be considered. You can check your eligibility using only your mobile number and OTP, without visiting a branch.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000